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2019 Marginal Tax Brackets

Your marginal tax bracket determines how much of the earnings from savings and investments you get to keep after taxes. Below are the four individual tax rate schedules for 2019:

Individual Tax Rate Schedules for 2019
Filing Status Taxable Income ($) Marginal Tax Bracket Rate (%)
Married Filing Jointly 0 to 19,400 10
19,401 to 78,950 12
78,951 to 168,400 22
168,401 to 321,450 24
321,451 to 408,200 32
408,201 to 612,350 35
612,351 and higher 37
Head of Household 0 to 13,850 10
13,851 to 52,850 12
52,851 to 84,200 22
84,201 to 160,700 24
160,701 to 204,100 32
204,101 to 510,300 35
510,301 and higher 37
Single 0 to 9,700 10
9,701 to 39,475 12
39,476 to 84,200 22
84,201 to 160,725 24
160,726 to 204,100 32
204,101 to 510,300 35
510,301 and higher 37
Married Filing Separately 0 to 9,700 10
9,701 to 39,475 12
39,476 to 84,200 22
84,201 to 160,725 24
160,726 to 204,100 32
204,101 to 306,175 35
306,176 and higher 37

You can compare yields by using the following formula:

Taxable equivalent yield = tax-free yield ÷ (100% - marginal tax bracket %) or see www.calcxml.com/calculators/inc11?skn, which includes both federal and state income tax rates.

Example: Assume you are in the 22% tax bracket, and have an account with a 4.0% tax-free yield. To get the equivalent taxable yield, divide 4.0% by 78% (100% - 22%). The taxable yield is 5.13%.